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report thumbnailU.S. Lithium Chloride Market

U.S. Lithium Chloride Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032

U.S. Lithium Chloride Market by Application (Batteries, Ceramics & Glass, Lubricants, Polymer Production, Air Treatment, Others), by Forecast 2024-2032

Jun 24 2024
Base Year: 2023
100 Pages
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U.S. Lithium Chloride Market Unlocking Growth Opportunities: Analysis and Forecast 2024-2032

Key Insights

The U.S. Lithium Chloride Market size was valued at USD 1.7USD Billion in 2023 and is projected to reach USD 3.2 USD Billion by 2032, exhibiting a CAGR of 8.2 % during the forecast period. Lithium chloride, abbreviated LiCl, which is a chemical compound. The salt is a common ionic compound, but due to the small size of the Li+ ion, it has properties not seen in other alkali metal chlorides, such as exceptional solubility in polar solvents and hygroscopic properties. It is mainly used in the electrolysis of LiCl/KCl melting at 450 °C (842 °F) to produce lithium metal. LiCl is also used as an aluminum solder for vehicle parts. It is used as a desiccant to dry air currents. It has the important advantage of being very soluble in polar solvents. It works as a common ionic compound and aluminum brazing flux in the automotive industry. It is a source of lithium metal electrolysis. It is used as a desiccant in drying air currents. It is often used as an additive in organic synthesis. In biochemical applications, it is used to isolate RNA from cell samples. The industry for this product has grown due to increased use and cost-effective extraction and processing of lithium hydroxide from salts, rocks and pegmatite. Hygroscopic lithium chloride salt is used in fluxes, dehumidifiers and zeolites. LiCl stands out for its low melting point and strong ionic conductivity. This makes it a good component in molten salt electrolyte thermal barriers. These factors will drive the revenue of the market during the forecast period

U.S. Lithium Chloride Trends

  • Rising demand for lithium-ion batteries in electric vehicles
  • Government incentives for the adoption of electric vehicles
  • Increasing use of lithium chloride in ceramics and glass production

Driving Forces: What's Propelling the U.S. Lithium Chloride Market

  • Technological advancements in battery technology
  • Growing environmental concerns leading to the adoption of electric vehicles
  • Favorable government policies supporting the use of renewable energy sources

Challenges and Restraints in U.S. Lithium Chloride Market

  • Fluctuations in raw material prices
  • Limited domestic production of lithium
  • Environmental concerns surrounding the extraction and processing of lithium

Emerging Trends in U.S. Lithium Chloride

  • Development of sustainable and environmentally friendly lithium extraction methods
  • Research on new and innovative applications of lithium chloride
  • Growing focus on recycling and reuse of lithium-ion batteries

Growth Catalysts in U.S. Lithium Chloride Industry

  • Government investments in lithium exploration and development
  • Partnerships between lithium producers and battery manufacturers
  • Increased awareness about the benefits of using lithium-ion batteries

Market Segmentation: U.S. Lithium Chloride Analysis

Application:

  • Batteries
  • Ceramics & Glass
  • Lubricants
  • Polymer Production
  • Air Treatment
  • Others

Leading Players in the U.S. Lithium Chloride Market

  • Albemarle Corporation 
  • Honeywell International
  • Nippon Chemical Industrial CO., LTD.
  • HARSHIL INDUSTRIES
  • LEVERTON HELM LTD
  • Suzhou Huizhi Lithium Energy Material Co. Ltd.
  • TOKYO CHEMICALS
  • LOBA CHEMIE
  • Altura Mining
  • Jiangxi Ganfeng Lithium Co. Ltd.
  • Arena Minerals Inc.

Significant developments in U.S. Lithium Chloride Sector

  • October 2022: Albemarle Lithium U.K. Limited acquired Guangxi Tianyuan New Energy Materials Co., Ltd. to enhance its manufacturing capacity.
  • September 2020: Albemarle Corporation partnered with the U.S. Department of Energy for cooperation in lithium research projects.

U.S. Lithium Chloride Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 8.2% from 2018-2032
Segmentation
    • By Application
      • Batteries
      • Ceramics & Glass
      • Lubricants
      • Polymer Production
      • Air Treatment
      • Others
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Growing Automotive Industry to Drive the Market Expansion
      • 3.3. Market Restrains
        • 3.3.1. Continuously Rising Prices to Limit Market Growth
      • 3.4. Market Trends
        • 3.4.1. Rising Demand for Lithium-Ion Batteries to Present Lucrative Opportunities
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Global U.S. Lithium Chloride Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Application
      • 5.1.1. Batteries
      • 5.1.2. Ceramics & Glass
      • 5.1.3. Lubricants
      • 5.1.4. Polymer Production
      • 5.1.5. Air Treatment
      • 5.1.6. Others
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1.
  6. 6. North America U.S. Lithium Chloride Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Application
        • 6.1.1 Batteries
        • 6.1.2 Ceramics & Glass
        • 6.1.3 Lubricants
        • 6.1.4 Polymer Production
        • 6.1.5 Air Treatment
        • 6.1.6 and Others
      • 6.2. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 6.2.1 United States
        • 6.2.2 Canada
        • 6.2.3 Mexico
  7. 7. South America U.S. Lithium Chloride Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Application
        • 7.1.1 Batteries
        • 7.1.2 Ceramics & Glass
        • 7.1.3 Lubricants
        • 7.1.4 Polymer Production
        • 7.1.5 Air Treatment
        • 7.1.6 and Others
      • 7.2. Market Analysis, Insights and Forecast - By Country/Sub-region
        • 7.2.1 Brazil
        • 7.2.2 Argentina
        • 7.2.3 Rest of South America
  8. 8. Competitive Analysis
    • 8.1. Global Market Share Analysis 2023
      • 8.2. Company Profiles
        • 8.2.1 Albemarle Corporation. (U.S.)
          • 8.2.1.1. Overview
          • 8.2.1.2. Products
          • 8.2.1.3. SWOT Analysis
          • 8.2.1.4. Recent Developments
          • 8.2.1.5. Financials (Based on Availability)
        • 8.2.2 Honeywell International (U.S.)
          • 8.2.2.1. Overview
          • 8.2.2.2. Products
          • 8.2.2.3. SWOT Analysis
          • 8.2.2.4. Recent Developments
          • 8.2.2.5. Financials (Based on Availability)
        • 8.2.3 Nippon Chemical Industrial CO. LTD. (Japan)
          • 8.2.3.1. Overview
          • 8.2.3.2. Products
          • 8.2.3.3. SWOT Analysis
          • 8.2.3.4. Recent Developments
          • 8.2.3.5. Financials (Based on Availability)
        • 8.2.4 HARSHIL INDUSTRIES (India)
          • 8.2.4.1. Overview
          • 8.2.4.2. Products
          • 8.2.4.3. SWOT Analysis
          • 8.2.4.4. Recent Developments
          • 8.2.4.5. Financials (Based on Availability)
        • 8.2.5 Alfa Aesar (China)
          • 8.2.5.1. Overview
          • 8.2.5.2. Products
          • 8.2.5.3. SWOT Analysis
          • 8.2.5.4. Recent Developments
          • 8.2.5.5. Financials (Based on Availability)
        • 8.2.6 LEVERTON HELM LTD (U.K.)
          • 8.2.6.1. Overview
          • 8.2.6.2. Products
          • 8.2.6.3. SWOT Analysis
          • 8.2.6.4. Recent Developments
          • 8.2.6.5. Financials (Based on Availability)
        • 8.2.7 Suzhou Huizhi Lithium Energy Material Co. Ltd. (China)
          • 8.2.7.1. Overview
          • 8.2.7.2. Products
          • 8.2.7.3. SWOT Analysis
          • 8.2.7.4. Recent Developments
          • 8.2.7.5. Financials (Based on Availability)
        • 8.2.8 TOKYO CHEMICALS (Japan)
          • 8.2.8.1. Overview
          • 8.2.8.2. Products
          • 8.2.8.3. SWOT Analysis
          • 8.2.8.4. Recent Developments
          • 8.2.8.5. Financials (Based on Availability)
        • 8.2.9 LOBA CHEMIE (India)
          • 8.2.9.1. Overview
          • 8.2.9.2. Products
          • 8.2.9.3. SWOT Analysis
          • 8.2.9.4. Recent Developments
          • 8.2.9.5. Financials (Based on Availability)
        • 8.2.10 Altura Mining (Australia)
          • 8.2.10.1. Overview
          • 8.2.10.2. Products
          • 8.2.10.3. SWOT Analysis
          • 8.2.10.4. Recent Developments
          • 8.2.10.5. Financials (Based on Availability)
        • 8.2.11 Jiangxi Ganfeng Lithium Co. Ltd. (China)
          • 8.2.11.1. Overview
          • 8.2.11.2. Products
          • 8.2.11.3. SWOT Analysis
          • 8.2.11.4. Recent Developments
          • 8.2.11.5. Financials (Based on Availability)
        • 8.2.12 Arena Minerals Inc. (Canada)
          • 8.2.12.1. Overview
          • 8.2.12.2. Products
          • 8.2.12.3. SWOT Analysis
          • 8.2.12.4. Recent Developments
          • 8.2.12.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Global U.S. Lithium Chloride Market Revenue Breakdown (USD Billion, %) by Region 2023 & 2031
  2. Figure 2: Global U.S. Lithium Chloride Market Volume Breakdown (Million Tons, %) by Region 2023 & 2031
  3. Figure 3: Global U.S. Lithium Chloride Market Revenue (USD Billion), by Application 2023 & 2031
  4. Figure 4: Global U.S. Lithium Chloride Market Volume (Million Tons), by Application 2023 & 2031
  5. Figure 5: Global U.S. Lithium Chloride Market Revenue Share (%), by Application 2023 & 2031
  6. Figure 6: Global U.S. Lithium Chloride Market Volume Share (%), by Application 2023 & 2031
  7. Figure 7: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Batteries 2020 & 2031
  8. Figure 8: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Batteries 2020 & 2031
  9. Figure 9: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Ceramics & Glass 2020 & 2031
  10. Figure 10: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Ceramics & Glass 2020 & 2031
  11. Figure 11: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Lubricants 2020 & 2031
  12. Figure 12: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Lubricants 2020 & 2031
  13. Figure 13: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Polymer Production 2020 & 2031
  14. Figure 14: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Polymer Production 2020 & 2031
  15. Figure 15: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Air Treatment 2020 & 2031
  16. Figure 16: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Air Treatment 2020 & 2031
  17. Figure 17: Global U.S. Lithium Chloride Market Forecast (USD Billion), by Others 2020 & 2031
  18. Figure 18: Global U.S. Lithium Chloride Market Forecast (Million Tons), by Others 2020 & 2031
  19. Figure 19: Global U.S. Lithium Chloride Market Revenue (USD Billion), by Region 2023 & 2031
  20. Figure 20: Global U.S. Lithium Chloride Market Volume (Million Tons), by Region 2023 & 2031
  21. Figure 21: Global U.S. Lithium Chloride Market Revenue Share (%), by Region 2023 & 2031
  22. Figure 22: Global U.S. Lithium Chloride Market Volume Share (%), by Region 2023 & 2031
  23. Figure 23: North America U.S. Lithium Chloride Market Revenue (USD Billion), by Application 2023 & 2031
  24. Figure 24: North America U.S. Lithium Chloride Market Volume (Million Tons), by Application 2023 & 2031
  25. Figure 25: North America U.S. Lithium Chloride Market Revenue Share (%), by Application 2023 & 2031
  26. Figure 26: North America U.S. Lithium Chloride Market Volume Share (%), by Application 2023 & 2031
  27. Figure 27: North America U.S. Lithium Chloride Market Revenue (USD Billion), by Country 2023 & 2031
  28. Figure 28: North America U.S. Lithium Chloride Market Volume (Million Tons), by Country 2023 & 2031
  29. Figure 29: North America U.S. Lithium Chloride Market Revenue Share (%), by Country 2023 & 2031
  30. Figure 30: North America U.S. Lithium Chloride Market Volume Share (%), by Country 2023 & 2031
  31. Figure 31: South America U.S. Lithium Chloride Market Revenue (USD Billion), by Application 2023 & 2031
  32. Figure 32: South America U.S. Lithium Chloride Market Volume (Million Tons), by Application 2023 & 2031
  33. Figure 33: South America U.S. Lithium Chloride Market Revenue Share (%), by Application 2023 & 2031
  34. Figure 34: South America U.S. Lithium Chloride Market Volume Share (%), by Application 2023 & 2031
  35. Figure 35: South America U.S. Lithium Chloride Market Revenue (USD Billion), by Country 2023 & 2031
  36. Figure 36: South America U.S. Lithium Chloride Market Volume (Million Tons), by Country 2023 & 2031
  37. Figure 37: South America U.S. Lithium Chloride Market Revenue Share (%), by Country 2023 & 2031
  38. Figure 38: South America U.S. Lithium Chloride Market Volume Share (%), by Country 2023 & 2031
  39. Figure 39: U.S. Lithium Chloride Market Revenue (USD Billion), by Application 2023 & 2031
  40. Figure 40: U.S. Lithium Chloride Market Volume (Million Tons), by Application 2023 & 2031
  41. Figure 41: U.S. Lithium Chloride Market Revenue Share (%), by Application 2023 & 2031
  42. Figure 42: U.S. Lithium Chloride Market Volume Share (%), by Application 2023 & 2031
  43. Figure 43: U.S. Lithium Chloride Market Revenue (USD Billion), by Country 2023 & 2031
  44. Figure 44: U.S. Lithium Chloride Market Volume (Million Tons), by Country 2023 & 2031
  45. Figure 45: U.S. Lithium Chloride Market Revenue Share (%), by Country 2023 & 2031
  46. Figure 46: U.S. Lithium Chloride Market Volume Share (%), by Country 2023 & 2031
List of Tables
  1. Table 1: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Application 2018 & 2031
  2. Table 2: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Application 2018 & 2031
  3. Table 3: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Region 2018 & 2031
  4. Table 4: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Region 2018 & 2031
  5. Table 5: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Application 2018 & 2031
  6. Table 6: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Application 2018 & 2031
  7. Table 7: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Region 2018 & 2031
  8. Table 8: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Region 2018 & 2031
  9. Table 9: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Application 2018 & 2031
  10. Table 10: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Application 2018 & 2031
  11. Table 11: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Country 2018 & 2031
  12. Table 12: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Country 2018 & 2031
  13. Table 13: United States U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  14. Table 14: United States U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  15. Table 15: Canada U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  16. Table 16: Canada U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  17. Table 17: Mexico U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  18. Table 18: Mexico U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  19. Table 19: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Application 2018 & 2031
  20. Table 20: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Application 2018 & 2031
  21. Table 21: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Country 2018 & 2031
  22. Table 22: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Country 2018 & 2031
  23. Table 23: Brazil U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  24. Table 24: Brazil U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  25. Table 25: Argentina U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  26. Table 26: Argentina U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  27. Table 27: Rest of South America U.S. Lithium Chloride Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  28. Table 28: Rest of South America U.S. Lithium Chloride Market Volume (Million Tons) Forecast, by Application 2018 & 2031
  29. Table 29: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Application 2018 & 2031
  30. Table 30: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Application 2018 & 2031
  31. Table 31: Global U.S. Lithium Chloride Market Revenue USD Billion Forecast, by Country 2018 & 2031
  32. Table 32: Global U.S. Lithium Chloride Market Volume Million Tons Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 8.2% from 2018-2032
Segmentation
    • By Application
      • Batteries
      • Ceramics & Glass
      • Lubricants
      • Polymer Production
      • Air Treatment
      • Others
  • By Geography

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